Hyundai Motor India has announced a price increase for its entire range of cars, effective from 1st January 2024.
The decision, announced on Thursday, is due to rising input costs, adverse exchange rates, and an increase in commodity prices.
This move follows similar announcements from other automakers in India, including Maruti Suzuki, Tata Motors, and Mahindra, who have also declared price hikes effective from January 2024.
Tarun Garg, COO of Hyundai Motor India, in a company statement, said that it has become necessary to pass on some of the rising input costs to consumers through a minor price increase.
However, the company did not disclose the extent of the price hike or which models would be most affected. In addition to this, the South Korean-automaker has assured that it will continue to make efforts to minimise future price impacts on customers.
